What is the managerial process of creating and maintaining a fit between the organization's objectives and resources and evolving market opportunities?

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The managerial process of creating and maintaining a fit between the organization's objectives and resources and evolving market opportunities is known as strategic planning. It involves analyzing the organization's strengths and weaknesses, identifying opportunities and threats in the market, and developing strategies to achieve the organization's goals while considering its available resources. Functional planning typically focuses on specific areas or functions within the organization, while tactical management involves implementing strategies and plans already developed. Environmental scanning is a part of the strategic planning process and involves monitoring and analyzing external factors that may affect the organization.

What Is the Managerial Process of Creating and Maintaining a Fit